Fantom (FTM) price surges 40% in a month Whats behind the momentum?

Fantom price flashes a classic bullish trading pattern which could extend its month-long double-digit rally.

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Fantom (FTM) Sees 13% Gains as Crypto Market Turns Positive

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Fantom 2.0: Sonic Upgrade Set to Transform Speed and Efficiency

Fantom, a key player in the world of the blockchain, is going through a remarkable transformation with the Sonic upgrade which is the latest addition to its product line. It is not simply a brand identity change; it is a revolutionary change for the better that is going to set this platform apart and put […]

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Fantom Price Prediction for Today, August 21 FTM Technical Analysis

The Fantom price prediction shows that FTM remains in the green as the coin market gains 4.01% within the channel. Fantom Prediction Statistics Data: Fantom [...]

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FTM: Core Proposals Spark 16% Rally Ahead Of Sonic Mainnet Launch Details

Fantoms migration to Sonic is now underway, putting the platform under the spotlight which caused FTM, the native token of Fantom, to jump. According to CoinGecko, FTM gained more than 17% since last week, representing the hype their network migration caused within the community.  Related Reading: Celestia (TIA) Gains 14% Following Network Upgrade Announcement The new Sonic Labs is poised to continue Fantoms legacy as four core proposals are now underway for the eventual release of the Sonic mainnet. If passed, the proposals will provide users and developers with a smooth transition to the Sonic network once D-day arrives.  Core Proposals Promise Smooth Transition To Sonic According to the Sonic Labs X account, four proposals will affect the user experience during the switch to the Sonic network. The most notable is the proposed one-to-one ratio between FTM and $S, the native token of the new network. The new token will act like the old FTM token, with 3,175,000,000 $S tokens on Genesis Day.  With @MessariCrypto‘s Q2 2024 report, we looked back at the latest quarter in the world of #Sonic, including 4 governance proposals: 190.5M $S Airdrop $FTM to $S Compatibility Ongoing Funding Validators/Builders Let’s explore the report pic.twitter.com/Sypi35TTF4 Sonic Labs (prev. Fantom) (@0xSonicLabs) August 13, 2024 As a general thank you gesture to Opera users, the platform will allocate over 190,500,000 $S tokens to airdrop. The airdrop also has safeguards to protect the market from a sudden influx $S tokens. It will have a burn mechanism that penalizes users who choose to claim their airdrop position on day 1, burning almost 100% to 88.9% of the tokens vested for the user.  This gives users time to contribute to the overall on-chain activity while providing a guaranteed long-term gain. The new users are also eligible to receive the airdrop once the network is released.  4 Validators/Builders This proposal approved: Validator rewards migrated from Opera to #Sonic Apps in GasM can earn up to 90% of gas with a new burn model Ecosystem Vault funds allocated to @SonicCouncil 14-day staking lock-up period https://t.co/KCAtB2rm7t Sonic Labs (prev. Fantom) (@0xSonicLabs) August 13, 2024 Funding for the new network is also secured as they allocate 47,625,000 $S tokens for running Sonic Spark and Sonic University, providing developers the know-how to build on the platform. To ensure zero wastage of the funds, Sonic will burn the remaining funds if not used within a specified time frame. For example, if only half of the whopping 47,625,000 $S tokens were used, the other half would be burned to protect the integrity of the network while ensuring the funds are not wasted.  Validator rewards will also be migrated from Opera to Sonic to promote the use of the network while protecting $S from too much inflation in the first four years.  FTM Price To Stabilize On This Level Ahead Of Sonic Network Launch  As of press time, the token is struggling to flip the $0.3689 ceiling to support which is crucial for the bulls in the long term.  Related Reading: AVAX Set For ATH? Analysts Predict Explosive Rise To $285 Although the token is seemingly slowing down, the markets general positivity will pick up in the coming days, pushing bears off of the FTM market. This will open the opportunity to retake $0.3689 in the short term while providing the bears a solid support level to take $0.4855 in the long term.  Featured image from Zipmex, chart from TradingView

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Fantom (FTM) Poised For Bullish Divergence, Analyst Predicts 234% Surge

Fantom (FTM) might be preparing for a massive price increase, as pointed out in an analysis made by popular analyst Javon Marks. In a post on X, Marks pointed to the appearance of the Hidden Bullish Divergence in the chart of Fantom. The analyst stated that this could likely result in a large rebound for […]

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Fantom Q2 Performance: Financial Metrics React To Sonic Blockchain Anticipation

The Fantom blockchain saw mixed performance in the second quarter (Q2) of the year, with key financial metrics cooling amid the broader cryptocurrency market downturn and the Fantom Foundation’s announcement to rebrand as Sonic Labs, according to a new report from data intelligence firm Messari. FTM Market Cap, Revenue, And Token Economics  After outperforming in [...]

The post Fantom Q2 Performance: Financial Metrics React To Sonic Blockchain Anticipation appeared first on Crypto Breaking News.

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Cardano on the Brink of Explosion: Short Squeeze Looming?

Is Cardano the next crypto bomb waiting to explode? Amidst a renewed surge in altcoins, savvy traders have amassed huge fortunes by aggressively betting against undervalued altcoins. While everyone is chasing the next big thing, a key indicator suggests that certain altcoins are poised for explosive growth. As per Santiment, a prominent on-chain analytics platform, […]

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Cardano Among Alts Likely To See Price Boosts, Santiment Says

On-chain analytics firm Santiment has revealed Cardano (ADA) is one of the altcoins that could likely see price jumps shortly. Cardano Among Altcoins That Are Being Heavily Shorted Right Now In a new post on X, Santiment has talked about the altcoins being shorted against on the derivatives market. The indicator of relevance here is [...]

The post Cardano Among Alts Likely To See Price Boosts, Santiment Says appeared first on Crypto Breaking News.

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Fantom (FTM) Primed for Breakout: Analyst Eyes 522% Surge

Fantom (FTM) is poised for a substantial upward surge, attracting keen interest from analysts and investors alike. In the past week alone, FTM has surged nearly 12%, indicating strong potential for continued growth. The broader crypto market’s recovery, fueled by Bitcoin’s resurgence, is also bolstering altcoins like FTM. Renowned crypto analyst Jonathan Carter recently shared […]

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Fantom Price Prediction: Is FTM Crypto a Good Investment?

According to the long-term Fantom price prediction, by the end of 2030, the FTM crypto price is expected to reach a maximum level of $25 (+4,200%).

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Fantom Price Analysis: Whale Activity Sparks Interest in FTM, Analysts Eyes on $1.2289 Target

Fantom (FTM) is gearing up for a potential breakout, positioning itself for significant upward momentum. Recently, FTM hit a low of $0.56 but has since rebounded strongly. Both investors and analysts have taken note of this recovery and the renewed strength of FTM. At the time of writing, Fantom’s price stands at $0.837661, accompanied by […]

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Crypto Analyst Says Ethereum Competitor Fantom (FTM) Could Jump To $1.2

Crypto analyst Altcoin Sherpa has provided a bullish narrative for Fantom (FTM), suggesting that the crypto token could soon make a significant rally to the upside. The analyst also hinted at how Fantom could rise when this happens.   Fantom Could Rise To As High As $1.2 Based on the chart Altcoin Sherpa shared, Fantom could rise to as high as $1.2 on its next leg up. In the meantime, the analyst noted that the crypto token is consolidating at a key level. He added that he expects Fantom to form a chop range between $0.50 and $0.70 for a bit, so that range could serve as support as it moves to the upside.   Related Reading: Analyst Warns Of Bitcoin Breakdown Below Key Psychological Level, Says $40,000 Is Possible Altcoin Sherpa sounded optimistic about Fantoms trajectory, stating that he believes FTM will still be a decent project going forward, especially with the move to Sonic. In May, the Fantom Foundation announced plans to build Sonic, a layer-1 blockchain with a layer-2 network that connects to Ethereum.  Crypto analyst Bitcoin Ape also shared a sentiment similar to Altcoin Sherpa, predicting that Fantom could rise to $1.2. The analyst stated that FTMs rally could happen once there is a market recovery, with Bitcoin leading the way. Specifically, Bitcoin Ape highlighted a falling wedge pattern formed on Fantoms chart, which showed that a price rally was imminent.  Like Altcoin Sherpa, Bitcoin Ape also alluded to Fantoms pivot to Sonic as a bullish fundamental for the crypto token. The analyst noted that Fantom has been on a massive revamp lately with several updates, including the launch of Sonic Labs. He also mentioned the over $100 million in $S (Sonics native token) airdrop, which could attract developers and users to Fantoms ecosystem.  In the meantime, Bitcoin Ape predicts that Fantom could experience more volatility in the coming days because it is currently oversold. However, once the crypto token leaves its oversold condition, the crypto analyst expects that breakout to happen.  FTM Could Drop To As Low As $0.45 Before Next Leg Up Crypto analyst Ijaz Awan recently predicted that Fantom could drop to as low as 0.45 before its next move up. He noted that Bitcoins weakness is dragging altcoins like FTM down, which is why Fantom struggles to gain momentum. As such, he predicts that the crypto token could experience a period of consolidation between $0.45 and $0.55 before its next leg up.  Related Reading: Is The Bitcoin Bottom In? Crypto Expert Predicts Bullish Price Reversal However, the analyst warned that Fantom cannot afford to lose that range of support. He suggested that a drop below that price level would invalidate his structure and could lead to further price declines for the crypto token.  At the time of writing, Fantom is trading at around $0.54, down over 3% in the last 24 hours, according to data from CoinMarketCap.  Featured image created with Dall.E, chart from Tradingview.com

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Fantom allocates $120M in FTM tokens for Sonic migration

The fund will be used for native application grants, strategic grants to decentralized applications, and the development of infrastructure tools for developers and users.

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Last Chance: Market Expert Reveals Why Now Is The Perfect Time To Invest In These 5 Altcoins

Renowned market expert Michael Van de Poppe has recently shared his insights on the current state of the cryptocurrency market, highlighting potential breakout opportunities for altcoins.  As the largest cryptocurrency on the market, Bitcoin (BTC), consolidates in a price range between $67,000 and $70,000, Van de Poppe’s latest market update suggests that this may be the ” final time” to invest in altcoins before a potential breakout.  Altcoins Analysis In a series of social media posts, Van de Poppe analyzes specific altcoins, including Sui (SUI), Chainlink (LINK), Floki Inu (FLOKI), Fantom (FTM), and Polkadot (DOT), offering valuable insights for investors. One of the altcoins that has caught Van de Poppe’s attention is SUI, which, according to his analysis, has shown strength in the market with a higher low formation. Van de Poppe suggests that if momentum provides a breakout above $1.17, SUI could continue its uptrend toward $1.60 (currently trading at $1.067). Chainlink (LINK) is another altcoin Van de Poppe considers heavily undervalued. Drawing on historical data, he points out that LINK has delivered a 150% return in previous cycles, making it an attractive investment opportunity at its current trading price of $16.037. Related Reading: Shiba Inu Price Could Skyrocket By 1,100%, Predicts Analyst However, Van de Poppe also advises caution with certain altcoins. For instance, FLOKI, despite its substantial 1200% increase since the beginning of its recent run, carries a higher risk of a heavy correction. He suggests that interested investors wait for a 30-40% correction before considering an investment. Van de Poppe also draws attention to Fantoms native token FTM, which has been forming lower highs and lower lows. With multiple tests of the $0.60 support, a price breakdown seems likely. If a breakdown occurs, he identifies two potential areas of interest between $0.4924 and $0.6113 for swing trading. Crucial Support Levels For Ethereum  Regarding Polkadot, Van de Poppe highlights its potential as a market leader in the Real-World Asset (RWA) sector. He emphasizes that Polkadot is currently undervalued and is in the process of implementing RWA within its ecosystem. Despite the price not reflecting the thriving ecosystem, Van de Poppe expects this will change. Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? In addition to these lower-cap altcoins compared to the largest, Van de Poppe provides insight into Ethereum (ETH). In a separate analysis, the market expert suggests that ETH is looking for a higher low and expects confirmation of S-1 filing approval for the long-awaited Ethereum ETFs in the US in the coming weeks. Interestingly, on the 3-day Ethereum/BTC chart, Van de Poppe identifies the 0.05-0.051 BTC range as a key support area for Ethereum. Featured image from DALL-E, chart from TradingView.com

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Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics

Fantom (FTM), a Layer-1 (L1) protocol, and its native token, FTM, have experienced significant gains and notable achievements in the first quarter (Q1) of 2024.  According to a comprehensive performance analysis conducted by Messari, amid the emerging crypto bull market, Fantom has emerged as one of the major beneficiaries, showing significant growth in key metrics [...]

The post Fantom (FTM) Bull Run: 8% Price Surge And Robust Double-Digit Growth In Key Metrics appeared first on Crypto Breaking News.

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Fantom Revival: Crypto Analyst Predicts A Jump To $1.2 For FTM Price

Fantom (FTM) had initially reclaimed the $1 level back in March and expectations were that the coin would rise to $2. But that was before the market crash sent prices spiraling, and Fantom lost almost 50% of its value during this time. However, all hope is not lost of for the coin, as one crypto [...]

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Fantom Price Prediction for Today, May 29 FTM Technical Analysis

The Fantom price prediction shows that FTM is at $0.815 as the coin moves to cross above the 9-day moving average. Fantom (FTM) Announces Significant [...]

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FTMs Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding

The Fantom Foundation has recently disclosed its plans to establish the Sonic Foundation and Sonic Labs in preparation for the launch of its Sonic blockchain.  In an announcement on Thursday, the foundation expressed its commitment to leveraging its technology and revealed additional details about the upcoming developments. Fantom Introduces Sonic Chain According to the foundations [...]

The post FTMs Key Support At Risk As Fantom Launches Sonic Foundation And Wraps $10M Funding appeared first on Crypto Breaking News.

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Fantom Price Continues To Shine Whats Behind The Latest 15% Surge?

Fantom price has been such a joy to watch for investors in recent days, as a much-needed breath of fresh air continues to spread throughout the crypto market. Bitcoin and other large-cap assets seem to be recovering well after a period of sluggish and frustrating price action. Notably, Fantom emerged as one of the best performers in the cryptocurrency market over the past week, posting a substantial 26% price increase in the last seven days. The Layer 1 token has particularly been on a hot streak in the past day, soaring by 15%. The Catalyst Behind The Latest FTM Surge The much-awaited Sonic upgrade has been critical to the turnaround the Fantom price has witnessed in the past few months. Sonic is expected to improve Fantoms technology stack and introduce major scalability enhancements without a disruptive hard fork. Related Reading: This Crypto Trader Just Sold All His Bitcoin For Altcoins Like Cardano And XRP, Heres Why Most recently, the Fantom Foundation unveiled the details of the upcoming layer-1 chain Sonic Network. According to the blog post, the new blockchain network will be connected to and be able to tap into vast amounts of liquidity, users, and protocols from Ethereum and beyond via a native layer-2 bridge. As disclosed previously, the Sonic Network is expected to go live alongside a new token, with the ticker S. In the latest memo, the project revealed that FTM token holders will be able to migrate Sonics token at a 1:1 ratio, depending on the results of a governance vote. The Fantom Foundation said in its latest blog post:  Initially, this migration process is anticipated to be bi-directional, which will allow users to swap back and forth between $FTM and $S. Since the $S token will only exist on Sonic and $FTM will only exist on Opera, we anticipate utilizing a bridge to enable bi-directional swaps. This process enables a seamless migration for current Opera network participants to experience Sonic. After a transitional period (to be determined in the future), the migration process is expected to transition to a one-way migration of $FTM to $S. The project noted that the supply of the new S token will match that of FTM to facilitate the token migration process after the Sonic chain launch. It is worth mentioning that the Fantom price experienced a significant surge following this update on the Sonic Network on May 17. Fantom Price At A Glance As of this writing, the Fantom price is around $0.908, reflecting an almost 15% increase in the past 24 hours. Related Reading: Bitcoin To $100,000: Infamous Head And Shoulders Pattern Appears To Signal The Start Of Another Rally Featured image from iStock, chart from TradingView

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